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The Latest Breaking News from Asia

Asia rolls out four-day weeks and work-from-home as emergency measures to solve a fuel crisis caused by Iran war

The energy crunch is forcing governments to adopt extreme measures to save fuel; in Thailand, government employees are being asked to take the stairs.

Fortune

India rations cooking gas as Strait of Hormuz tensions choke supplies

Cooking gas shortages are already forcing eateries to close as industry bodies warn of widespread economic damage in a country that imports the bulk of its oil and gas. Namita Singh reports

The Independent UK

Asia airlines hike fares

Airlines in Asia are raising ticket prices and mapping out contingency plans that include grounding planes as the escalating Middle East conflict threatens to trigger the worst oil shock since the 1970s.

Bangkok Post

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US allies and rivals in Asia gauge fallout from war in the Middle East

North Korea, South Korea, Japan, and China are watching warily as war spreads across the Middle East

The Independent UK

Australia has granted some Iranian soccer players asylum – but 2 questions remain

Last week, the Iranian soccer team refused to sing the national anthem before their Asian Women’s Cup opener on the Gold Coast.

The Conversation

‘They are safe here’: five Iranian women footballers granted humanitarian visas in Australia

Home affairs minister Tony Burke confirms US president Donald Trump’s overnight comments on social media that the players had been ‘taken care of’

The Guardian - AU

FTSE 100 Live 09 March: Markets slump as oil price tops $100, inflation fears mount

Global stock markets are deep in the red after the Brent Crude oil price this morning soared as high as $119 a barrel.

Evening Standard

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Oil worries and Iran war hammer Asian stocks, with Korea's KOSPI taking the biggest hit

Still, analysts see the selling as a "knee-jerk risk-off market reaction."

Fortune

Asia’s family offices and corporations must step up to replace a cash-strapped UN and fill the SDG funding gap

Asia is going to have to find a new source of funding. The answer will have to come from those with money: Asia's corporations, and Asia's wealthy.

Fortune

Why Asia sits at the centre of the global LNG shock

Middle East tensions and energy infrastructure disruptions are rattling global LNG markets, hitting Asia hardest.

Euronews

Philippines orders energy cuts in response to Middle East war

South-east Asian country limits air conditioning and travel for public officials amid soaring fuel prices

The Guardian - UK

Asia shares are mixed following Wall Street's losses, as oil edges lower

Asia shares are mixed following a mild retreat on Wall Street, while the price of oil fell more than $1 after reaching the highest level since the summer of 2024

The Independent UK

If Ramayana Was Myth, Why Do These 5 Countries Still Celebrate It?

For thousands of years, the Ramayana has been one of the most influential stories in human civilization. Written by the sage Valmiki, the epic tells the journey of Lord Ram, his exile, the abduction of Sita, and the battle against Ravana. Many people today discuss the Ramayana as mythology, literature,…

Times Life

European markets lost ground as oil prices climb further amid new Iran attacks

European stock markets lost their enthusiasm by the early afternoon following a positive trend in the first half of the trading lead by strong performances in Asia. Meanwhile, oil prices are rising further.

Euronews

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Fortune

Asia faces an energy shock from the Iran war and a closed Strait of Hormuz, as governments halt exports and draw down stockpiles

Asian countries like China, Korea and Japan have tried to diversify their energy imports, yet they still depend on oil and gas from the Middle East.

The Guardian - UK

Oil price continues to rise amid Middle East crisis but stock markets rebound across Asia

Reports of attack on US registered tanker in Gulf lifts crude by 3% to $84 a barrel as gas price also starts to climb

Evening Standard

FTSE 100 Live 05 March: Oil price higher, Rentokil leads stronger index

Calmer stock market conditions continued today despite a fresh rise for the price of oil.

The Independent UK

War with Iran chokes flows of oil and natural gas, highlighting energy security risks for Asia

The war with Iran is disrupting oil and LNG shipments through the Strait of Hormuz, a key artery for global energy trade, sending prices higher and threatening global growth

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The Independent UK

Asian shares jump after US stocks rebound as oil prices stop spiking

Shares have opened sharply higher in Asia after a rebound on Wall Street

Barchart

Oil Price Shocks Have Hit India, But This 1 Emerging Market ETF Is Still a Buy Now Near $40

The iShares India 50 ETF hit a new 52-week low on Tuesday. While the impact of higher oil prices due to the Iran war hurts Indian companies more than most in Asia, this contrarian bet has historically been profitable.

The Conversation

Labour-National standoff aside, the India-NZ trade deal is a blueprint for real growth

In an increasingly uncertain world, where the global balance of power is tilting toward Asia, a comprehensive free trade agreement (FTA) with India promises access to a booming market and “southern anchor of stability” in the Indo-Pacific region.

International Business Times UK

Qatar LNG Halt Triggers 70% Spike in European Gas Prices as Energy Security Concerns Rise

Discover how Qatar's LNG production halt impacts global energy markets, causing a 70% surge in Dutch TTF natural gas futures. Learn about the implications for Europe and Asia's energy supply.

Euronews

South Korean stocks suffer worst day on record amid Iran war shocks

Asian markets suffered heavy losses on Wednesday, with South Korea’s main index (Kospi) plunging more than 12%, recording its worst single-day decline in history as the widening conflict in Iran continues to disrupt global markets.

The Guardian - UK

What now for Iranian football after Khamenei’s death and bombing of Tehran?

From the World Cup to the Women’s Asian Cup and the AFC Champions League, it is unclear what may happen next

The Independent UK

Asian shares extend losses as the war with Iran widens and oil surges higher

Asian shares have resumed their decline after a global sell-off for stocks hit Wall Street, while oil prices climbed even higher

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